Browsing Tag

commercial real estate

98 posts
Malls in India

Mall Vacancy Levels Down to 8.3% in H1 2024 amid Robust Leasing, Limited Supply

According to ANAROCK’s H1 2024 Retail RELEAP report, mall vacancy rates have dropped to 8.3%, the lowest in six years, as demand continues to outstrip supply. Over 3 million square feet of retail space was leased in the first half of 2024, with a significant demand for smaller spaces and a growing presence of exclusive watches and jewellery stores. The highest upcoming retail supply is expected in NCR, MMR, and Hyderabad, accounting for over 85% of new space.

K Raheja Corp Acquires Bayside Mall and Popular Press Building in South Mumbai for ₹355 Crore

K Raheja Corp has secured two prime properties in South Mumbai, acquiring Bayside Mall and Popular Press Building for ₹355 crore. The deal, completed through Ivory Property Trust, marks the company’s second mall acquisition in the region this year, continuing its expansion in Mumbai’s competitive real estate market.
RBI

RBI’s Neutral Stance on Repo Rate: What It Means for India’s Real Estate Sector

The RBI’s decision to keep the repo rate unchanged at 6.5% for the eleventh consecutive meeting has led to a mix of optimism and concern in India’s real estate sector. While stability in borrowing costs provides confidence to developers and homebuyers, many were hoping for a rate cut to boost affordability and housing demand, particularly in the affordable housing segment. Experts emphasize the importance of government support and liquidity measures to sustain growth in the sector.
MHADA's list of dangerous buildings in Mumbai is out/ Representational Pic

Central Suburbs: Mumbai’s Key Hotspot for Real Estate Investments

Central Suburbs of Mumbai are witnessing a boom in real estate activity, with a 13% rise in property registrations in 2024. Driven by affordable pricing, excellent connectivity, and major infrastructure projects, the area has become a prime investment destination for both residential and commercial buyers.

Mumbai-Based Developer Avighna Acquires Dubai’s Emaar Business Park 3 for Rs. 555 Crore

Avighna Group, a prominent Mumbai-based developer, has acquired Emaar Business Park 3 in Dubai for approximately Rs. 555 crore. This multi-tenanted Grade-A office building on Sheikh Zayed Road strengthens Avighna’s global real estate portfolio and marks its strategic entry into the thriving GCC property market.